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This Loan Agreement is executed on date <>
Between
Mr. T ARORA (PAN: ___________), S/o: B Arora, R/o: ______________Hyderabad, Andhra Pradesh-500084, hereinafter
referred to as the Lender which expression unless repugnant to the context shall mean and includes its legal
representatives, assignee, nominee(s) and administrator;
And
Mr. K SINGH (PAN: _________), S/o: D Singh, R/o: _________________, Pune, Maharashtra-411038, hereinafter referred
to as the Borrower which expression unless repugnant to the context shall mean and includes its legal representatives,
assignee, nominee(s) and administrator;
Both parties agree on terms and conditions hereinafter contained
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1.
The Lender agrees to lend to the Borrower a sum not exceeding INR <amount> for a period of <tenure> months
with an interest rate of <ROI> per annum, the Borrower accepts the loan and agrees to repay the amount in
accordance with the terms and conditions set out in this Agreement.
2.
With respect to any matter arising under this Agreement, the competent courts within the local limits of whose
jurisdiction, the Lender resides or ordinarily carries on his business, or personally works for gain, such courts will
have exclusive jurisdiction over this Agreement. The lender may authorize Faircent to represent him in the court
at the Lenders expense, through their legal counsel, in which case the jurisdiction of this agreement will be in
Gurgaon, Haryana.
3.
Both parties represent covenants and warrant to each other that:
(a) He/she has read all the terms and conditions, privacy policy, and other material available at the website of
Fairassets Technologies India Private Limited hereinafter referred to as Faircent.
(b) They unconditionally agree to abide by the terms and conditions, privacy policy and other binding material
contained on the website of Faircent.
(c) The information and financia